Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Litecoin
LTC
|
0.9232489 |
details, prediction |
Cardano
ADA
|
0.8889435 |
details, prediction |
Crypto.com Chain
CRO
|
0.8853843 |
details, prediction |
XRP
XRP
|
0.86397624 |
details, prediction |
Ethereum
ETH
|
0.8620389 |
details, prediction |
|
Second tier
|
Waves
WAVES
|
0.97283 |
details, prediction |
aelf
ELF
|
0.94799304 |
details, prediction |
Bitcoin Gold
BTG
|
0.9445888 |
details, prediction |
Vechain
VET
|
0.9393733 |
details, prediction |
Tezos
XTZ
|
0.9218886 |
details, prediction |
|
Third tier
|
LAToken
LA
|
0.97990614 |
details, prediction |
SingularityNET
AGI
|
0.9709875 |
details, prediction |
Steem
STEEM
|
0.9405529 |
details, prediction |
Lisk
LSK
|
0.9220478 |
details, prediction |
ARK
ARK
|
0.9184301 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that Bitcoin Cash price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of Bitcoin Cash
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
UNUS SED LEO
LEO
|
-0.9910575 |
details, prediction |
Stellar
XLM
|
-0.6294494 |
details, prediction |
ZCash
ZEC
|
-0.446466 |
details, prediction |
TRON
TRX
|
-0.38205191 |
details, prediction |
Binance Coin
BNB
|
0.041900437 |
details, prediction |
|
Second tier
|
OriginTrail
TRAC
|
-0.6736078 |
details, prediction |
Dai
DAI
|
-0.47434777 |
details, prediction |
Telcoin
TEL
|
-0.47059757 |
details, prediction |
USD//Coin
USDC
|
-0.44724208 |
details, prediction |
True USD
TUSD
|
-0.14761505 |
details, prediction |
|
Third tier
|
V Systems
VSYS
|
-0.2681284 |
details, prediction |
Loopring
LRC
|
-0.20197195 |
details, prediction |
HEROcoin
PLAY
|
-0.14418039 |
details, prediction |
OPEN Platform
OPEN
|
-0.11481039 |
details, prediction |
Enjin Coin
ENJ
|
0.16003178 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)